Flagship Merchant Services has been helping merchants conduct transactions online for many years. As a leader in credit card processing and merchant accounts services, Flagship Merchant Services has remained focused on giving business owners of all size the solutions they need to effectively do business completely online.
How does credit card processing work?
There are four stages for the credit card processing cycle: authorizing, batching, clearing and funding. During the authorizing process, Flagship accepts the payment and forwards it directly to the merchant’s institution after payment is settled. The entire process can take anywhere from one to two business days. A reliable payment processing solutions provider has security parameters in place to safeguard clients against potential fraud.
Advantages of credit card processing services
• Customers tend to spend more on average when permitted to do card transactions
• It’s often more convenient for customers who don’t typically carry cash
• Businesses have more options for how they conduct business
• Companies can avoid accepting bad checks
What do merchant accounts have to offer?
A merchant account is furnished by a bank. In working with a traditional bank, one has to meet certain terms and requirements. The merchant is issued an account number that is used to identify the party collecting payment. Fees are assessed based on the type of agreement. Merchant account solutions providers offer reporting, customer support, next day funding, and free equipment as a part of the services offered.
Advantages of opening a merchant account
• Credit cards can be accepted online via a website
• Using this type of service is extremely cost-effective
• Merchant accounts are more secure
• There is less of a chance of funds being stolen when working through a merchant solution
Both services minimize risks of missing out on sales in offering online transaction support for businesses. Companies conducting business online have several options available to them with credit card processing. Flagship has been providing merchant solutions for traditional and e-commerce businesses that need the flexibility of doing business online for over a decade. With a proven track record for success, the company continues to deliver timely solutions for all types of businesses who want to conduct business quickly and securely online.